Current:Home > StocksDeveloping nations press rich world to better fight climate change at U.N. climate summit -Aspire Financial Strategies
Developing nations press rich world to better fight climate change at U.N. climate summit
Rekubit View
Date:2025-04-09 03:13:40
DUBAI, United Arab Emirates (AP) — Leaders of developing nations jumped into Saturday’s second-day of a U.N. climate summit to press rich industrial countries to share their knowhow to fight global warming and ease the financial burdens they face — while trumpeting their own natural resources that swallow heat-trapping carbon in the air.
The 28th annual U.N. Conference of the Parties, or COP28, in the oil-rich United Arab Emirates featured about 150 presidents, prime ministers, royals and other leaders who are presenting their plans to cut heat-trapping emissions and mostly seek unity with other nations to avert climate catastrophe that seemed to draw closer than ever in 2023.
The developing world took center stage early Saturday. Several African leaders noted their continent’s rainforests help gobble up excess carbon dioxide in the air and emphasized how their countries belch out only a tiny fraction of heat-trapping emissions compared to richer countries.
Teodoro Obiang Nguema Mbasogo of Equatorial Guinea — one of sub-Saharan Africa’s biggest oil producers — faulted developed nations for failing to deliver on their pledges to meet their commitments on financing for climate action and meet their own targets to curb their industries’ emissions.
“Africa is one of the regions in the world that sequesters the most carbon and emits oxygen,” he said.
President Jose Ramos Horta of Timor-Leste, next to Indonesia and north of Australia, blasted “shark loans” from multilateral lending institutions, saying developing nations cannot recover from heavy debt burdens that squelch their ability to put money into fighting climate change and grow economically.
With U.S. President Joe Biden staying home, Kamala Harris was set to become the first U.S. vice president to lead America’s delegation since Al Gore — now a major climate activist — at COP3 in 1997.
As Harris made her way toward the Dubai venue, U.S. climate envoy John Kerry and French President Emmanuel Macron pushed for development of nuclear energy — which does not produce greenhouse gas emissions, even if it also presents security and waste challenges.
Overall, a group of more than 20 nations called for a tripling of nuclear energy generated in the world by 2050.
“I want here to reiterate the fact that nuclear energy is a clean energy and it should be repeated,” said Macron, whose country gets around two-thirds of its electricity from nuclear power, the most of any industrialized country, and exports some of it to France’s neighbors. “Nuclear energy is back.”
A declaration issued at the event did not specify how much money should be set aside, but urged the World Bank and others to “encourage” expanding lending for nuclear projects.
“We have to invest — I’m not saying give away,” Kerry said. “I’m saying invest the trillions of dollars that are sitting on the sidelines looking for bankable deals but not willing to move as fast as we need to move.”
Whatever their perspective or national interest, leaders almost universally voiced their shared views that Earth is in crisis — with the United Nations and other environmental groups warning that the planet has recorded the nine hottest years on record over the last decade.
Bolivian Vice President David Choquehuanca called for “saving Mother Earth and staving off the multiple crises which have been caused by neocolonial, capitalist, imperialist, patriarchal, Western culture.”
“The climate crisis is but the latest chapter in a long history of hypocrisy and lies: The ‘Global North’ is responsible for the global imbalance that we’re seeing,” he said, using a catchall term for industrialized countries. “They seek permanent growth to the detriment of the global South.”
German Chancellor Olaf Scholz said science shows that the world needs to “step up the pace” to battle climate change, but took a more upbeat tone, saying: “We have what it takes to meet these challenges. We have the technologies: wind power, photovoltaics, e-mobility, green hydrogen.”
He said a record number of gigawatts of renewable energy were fed into the grid and $1.3 billion invested globally in clean energies and technologies last year, while demand for fossil fuels has slowed and the peak is “in sight.”
Scholz laid out three proposals: He said the No. 1 priority should be development of renewable energies. He urged cooperation, citing a deal among 36 countries agreed Friday to create a “ climate club ” that aims to transform industry. And he touted “solidarity and responsibility,” saying Germany has made $6 billion available for climate finance.
“I’m therefore confident that we will also achieve our goal of making available $100 billion per year for international climate action together with the other industrialized countries,” he said. “We will use these funds to protect forests and biodiversity, adapt to climate change and reduce CO2 emissions globally, in particular in the most vulnerable countries.”
Rich countries previously aimed to reach that $100 billion target in 2020.
Worries are rising that the world is set to blow past — even obliterate — targets in the Paris climate accord of 2015 to cap the increase in global temperatures by the end of the century by 1.5 degrees Celsius (2.7 Fahrenheit) since the start of the industrial era.
“The bad news is that progress is too slow. We need to do more to cut emissions a lot more,” said Prime Minister Katrin Jakobsdottir of Iceland, calling for “nature-based solutions” and making polluters pay. “But we also need to do less. Our economic systems are focused on maximizing production and consumption rather than sustainability and well-being — and this needs to change.”
___
Associated Press journalist Jon Gambrell contributed.
___
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.
veryGood! (6)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- These New Photos of Gigi Hadid and Her Daughter Prove Khai Is Already Her Mini-Me
- Taylor Swift Gives Update After Fans Spot Hand Injury at Eras Tour Concert
- Ryan Gosling Trades in the Ken-ergy for a '90s Boy Band Style with Latest Look
- Louvre will undergo expansion and restoration project, Macron says
- EPA's proposal to raise the cost of carbon is a powerful tool and ethics nightmare
- Mother's Day Deals: 10 Home Finds From Wayfair's Amazing Way Day Sale That Mom Will Love
- Why melting ice sheets and glaciers are affecting people thousands of miles away
- Why members of two of EPA's influential science advisory committees were let go
- Miley Cyrus Goes Back to Her Roots With Brunette Hair Transformation
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Where Greta Thunberg does (and doesn't) expect to see action on climate change
- More than half of the world's largest lakes are shrinking. Here's why that matters
- Never Meet Your Hero, Unless Your Hero Is Judy Blume
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Prince William Privately Settled Phone-Hacking Case for Very Large Sum
- Drake Bell’s Wife Janet Von Schmeling Files for Divorce After His Disappearance
- Climate change is fueling more conflict between humans and wildlife
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Tia Mowry and Cory Hardrict Finalize Divorce 6 Months After Announcing Breakup
Greta Thunberg was detained by German police while protesting a coal mine expansion
See Becky G, Prince Royce, Chiquis and More Stars at the 2023 Latin AMAs
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Denise Richards Is Returning to The Real Housewives of Beverly Hills: Find Out What She Revealed
Cut emissions quickly to save lives, scientists warn in a new U.N. report
Chris Appleton Thanks Fiancé Lukas Gage for Being His Rock During Sweet Awards Shout-Out